BELLINGHAM, WA -- (Marketwire) -- 08/18/10 -- Golden Spirit Enterprises Ltd. (OTCBB: GSPT) announces that a demonstration of the validity and effectiveness of Terralene's patented fuel formulation was recently conducted. Representatives from the petroleum industry, a top university and various global investors were in attendance. The general consensus was that the vehicle engines ran better and smoother making less noise, had more power during acceleration than gasoline and the exhaust emissions were of a pleasant odor. A visual demonstration of gasoline and Terralene burning also confirmed that the carbon emissions were dramatically reduced while Terralene burned with less smoke for a longer period. The demonstration video can be viewed at www.terralenefuels.com.
In other matters, the Company has appointed Colin Baker as Head of International Business Development. Mr. Baker's role is to assemble a team to deal with various companies from different countries interested in utilizing the cost saving Terralene Fuel formulation in their efforts to combat carbon emission issues while maximizing the profit potential of an effective product. Mr. Baker has a law degree from Southampton University in England. He has a vast amount of experience in the agricultural industry in the U.K. and North America and since immigrating to Canada, has become very familiar with Asian markets. The patented Terralene Fuel formula is 45% made from renewable energy sources, so Mr. Baker's background will be invaluable for its additional revenue streams in agriculture.
Golden Spirit expects the formal agreement with Global Terralene Inc. to be completed within the next week.
Golden Spirit Enterprises Ltd. is an environmentally, socially conscious Company specializing in green technologies which will assist in fighting global warming.
/s/ Jaclyn Cruz
Jaclyn Cruz, President
For further information contact: 1-888-488-6882
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Golden Spirit's filings with the Securities & Exchange Commission.
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